Texarkana, Texas is a small town of 37 277. Car insurance costs in Texas, Texarkana are $493 per year for minimum coverage and $1,747 for full coverage. Texas requires that all drivers have minimum coverage. Drivers without insurance can be subject to fines of $260 – $470 as well as suspension of driver’s license.
Drivers looking for the cheapest car insurance can rest assured that the minimum required insurance in Texas is very low. Experts recommend that you have enough car insurance to protect your finances in the event of a loss or claim. However, choosing the lowest rate provider may not be your primary priority.
Bankrate compared the rates of car insurance from a dozen local companies in Texarkana to determine which is the best. J.D. also evaluated customer satisfaction scores (outof 1,000) and competitive rates. We also took into consideration Power’s auto insurance research and the available discounts and coverages.
The best car insurance companies of Texarkana
These five carriers were chosen as a result our research into determining the best car insurer in Texarkana.
| Insurance company | J.D. J.D. | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|---|
| Fred Loya | N/A | $253 | $2,745 |
| Geico | 846 | $367 | $1,304 |
| USAA | 878 | $410 | $1,371 |
| All over the country | 820 | $457 | $1,287 |
Fred Loya
Based on Quadrant Information Services rates, Fred Loya provides some of the cheapest car coverage in Texarkana to drivers who need only minimal coverage. Fred Loya has a reputation for offering the minimum state-required auto insurance coverage for high risk drivers with bad credit, a history in accidents or traffic citations. Fred Loya also has branches in several Texarkana grocery and Walmart stores for customers who prefer to purchase car insurance through a local agent.
Geico
Geico’s famous commercial, which shows drivers that switching to Geico can help them save up to 15% on their car insurance, isn’t the only thing that makes this provider stand out. Our research shows that , the company, offers the lowest price for full and minimum coverage car insurance in Texarkana with an average annual premium of $367 and $1.304. Geico offers discounts that are also attractive. If your vehicle features these, you may be eligible for a number of vehicle security discounts. These include anti-lock brakes, daytime running lights and anti-theft devices. Rates can be reduced for students and drivers who are good drivers.
USAA
USAA auto Insurance caters to military veterans, active duty and retired military personnel, and their families. Eligible drivers could enjoy exceptional customer service and savings on their coverage. You could also benefit from special savings for military personnel like a reduction in premiums for garaging your vehicle on a military base, or storage while you are deployed.
All over the country
Nationwide’s insurance policy includes full coverage and has the lowest car insurance Texarkana rates. The Nationwide SmartRide program uses a smartphone app to track your driving habits. Your driving record will determine how safe you are and what your premiums will be. You can also reduce your car insurance bill by using Vanishing deductible(r). You’ll get a $100 reduction on your deductible each year if you haven’t had an accident or filed a claim with National.
Texarkana has the lowest car insurance
The following top-rated carriers, ranked by market share, have the lowest car insurance premiums in Texarkana. Nearly all of them are lower than the city’s average annual $493 for minimum coverage and $1,747 to get full coverage.
The average rates of these providers are lower than the states’s average cost, which is $524 per year and $1,823 for full coverage. These providers still offer affordable coverage, compared to the national average $565 per year for minimum coverage, and $1,674 per year for full coverage.
| Insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| Geico | $367 | $1,304 |
| USAA* | $410 | $1,371 |
| All over the country | $457 | $1,287 |
| Mercury | $488 | $1,671 |
| Allstate | $514 | $1,532 |
*USAA not available for all drivers
Allstate Insurance offers many options for customized insurance policies that are still affordable. According to Quadrant Information Services data, Nationwide and Geico have the lowest rates for full-coverage insurance if you are looking to take out a loan to finance your vehicle. Mercury Insurance may be the right provider for high-risk drivers who have multiple convictions or who are unable to find affordable coverage elsewhere.
Your rates and eligibility could vary in all cases. Make sure to check with each provider you’re interested in to get a comparison of rates and options.
Insurance requirements for Texarkana
The state of Texas Providers must also offer PIP insurance in Texas (although the insured can reject this coverage in writing).
If you are involved in a serious accident, however, the minimum required by the state may not be sufficient to protect you financially. Any bills that exceed your policy’s limits will be your responsibility. Experts recommend that you have higher liability limits and complete insurance coverage in order to protect yourself.
Discounts on car insurance in Texarkana
No matter your financial situation, finding ways to reduce your car insurance costs can help you save money. There are many incentives offered by car insurance companies, including the following:
- Use-based discounts: Sign up for a carrier’s Telematics Program and enable tracking to find out if you can get a discount based upon your driving habits.
- Bundling: Get a homeowners or renters insurance policy together with your auto insurance to save money.
- Vehicle safety equipment: You can inquire about discounts if you have a vehicle with driver assistance or collision prevention.
- Payment: If your carrier offers this discount, you can set up automatic payments or pay them semi-annually or annually. This could lower your car insurance costs.
You are likely to find other discounts when you search for them. You might find savings opportunities on provider websites. Bundling and usage-based discounts are good ways to lower your auto insurance premium.
Questions frequently asked
Which is the best auto insurance company?
Each driver’s individual preferences regarding affordability, customer service, and eligibility will determine the best car insurer.
What is the cost of car insurance in Texarkana?
Bankrate has found that the average cost for car insurance in Texarkana (Texas) is $493 per year for minimal coverage, and $1,747 annually to cover full coverage.
What amount of car insurance do you need in Texarkana
Each driver must have at least $30,000 in bodily injury liability coverage per individual and $60,000 per incident, along with $25,000 per accident property damage liability coverage.
